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I’m a newbie, and trying to make sure I know every penny of the costs associated with my future BRRRR. My lender just told me that construction draws cost $200, and require an inspection- SOP, it seems, but he said ...
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I’m a first time landlord and I’m screening possible tenants. I have 3 qualified applicants but yesterday I received an offer from a 4th one. They’re willing to do a 6 month lease and pay the 6 months upfront since th...
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In the lending world, loan scams always target the areas where loan products are scarce or simply don’t exist. Some of the biggest scams in lending right now are following construction loans for spec homes and residen...
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I have worked out all of the financials to a deal I currently have under contract. Can anyone recommend a private lender that is asset based for 100% finance ? If you think it's impossible no need to reply or say " Yo...
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So it is a busy season... contractors often don't return calls. you book appointments with them and they never show up , or show up gives a bid and then say they actually booked...I have two properties in Kansas Cit...
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Hi guys! My partner and I have been sending out direct mail for the past 3 months and we've finally found a deal (SFH). Comps are at $80k, seller wanted $60k and after negotiations we got the property under contract f...
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I had a tenant ask me if I would build a garage at my rental house. I informed them that although it would be nice, it would simply be too big of an investment and would take too long to recoup my costs. Later they a...
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Hello all. I am in need of some help. I have a few properties that I am rehabbing and one property that I would like to build on.I have been talking with banks about construction loans with fund controls. However I...
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If you're thinking about buying a multi-family property and making one of the units your primary residence, you've probably learned that FHA is the way to go if you want to minimize the down payment. FHA requires just...